World Intellectual Property Organization (WIPO) The India Innovation Index (III) will be developed by the World Economic Forum (WEF), NITI Aayog, World Intellectual Property Organization (WIPO) and Cornell University to measure innovation performance of Indian states. Each partnering organisation will nominate a working group member to work on the index. The first ranking is expected to be released at the India Economic Summit (IEC) in New Delhi on October 4-6, 2017. The index will be based on key pillars of innovation and sub-indices that together will assist in tailoring policies that promote inclusive growth. The pillars include the strength of institutions, capacity of human capital and research, supporting infrastructure and the level of business sophistication, among others.